Max Keiser Expects XRP to Crash to $0.01

U.Right now – Vocal proponent Max Keiser, who is understood for his extreme criticism of altcoins, has taken to the Twitter/X social media platform to take a jab at XRP and predict an approaching value collapse of the fifth largest cryptocurrency when it comes to the market capitalization worth.

Over the previous few months, Keiser made the same ultra-bearish prediction about (SOL), additionally anticipating its value to crash. It occurred on the very begin of January, when SOL confronted a 15% drop, falling from $110 to $96 rapidly.

Max Keiser bashes XRP

Being a hardcore Bitcoiner, Keiser believes all the opposite cryptocurrencies available in the market to be centralized and expects them to crash in opposition to Bitcoin, in addition to gold, silver, U.S. greenback and all different property sooner or later.

This time, he revealed a tweet, calling XRP “centralized rubbish” and stating that it’s “going to $0.01.”

In the summertime of 2023, Keiser commented on a tweet revealed by supporter and advocate John Deaton, founding father of CryptoLaw U.S. Deaton’s tweet was about Bitcoin maximalists and the SEC, the Securities and Alternate Fee of the U.S., which began a long-running authorized course of in opposition to Ripple Labs in late 2020, claiming XRP to be an unregistered safety.

XRP taking place

Keiser then once more acknowledged that XRP is just too centralized, and the actual fact of the SEC suing Ripple was proof of that. Bitcoin, as Keiser identified, was fully and “uniquely” out of regulators’ attain.

In his different tweets, Keiser typically slams ADA, XRP, SOL and different prime cryptocurrencies as securities and founders of and Solana as scammers.

Since Thursday final week, the Ripple-affiliated cryptocurrency XRP has declined by greater than 11%, following Bitcoin, which additionally crashed on the identical day. It first surged on the information of spot Bitcoin ETFs approval by the SEC, together with the remainder of the crypto market, however then Bitcoin started a big decline and so did ETH, XRP, SOL, SHIB and different prime cryptocurrencies.

On Friday, XRP noticed three consecutive crimson candles, pushing it almost 5% right down to $0.52288. By now, nonetheless, the coin has made a slight restoration, altering fingers at $0.54583.

Keiser has been not too long ago tweeting about Bitcoin that the $220,000 state of affairs he had predicted earlier is “nonetheless in play.”

This text was initially revealed on U.Right now